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TeachMeFinance.com - explain moratorium moratorium -- legal authorization to delay the collection of a debt, or the temporary suspension of some other activity. historic definition... Moratorium -- An emergency act of legislation authorizing a government bank to suspend or defer specie payments for a given period. The term also is loosely applied to an edict by a government permitting a delay for a specified period in the payment of public, corporate or even private debts. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.